Oil falls under $72, euro zone worries weigh The Guardian * Worries over euro zone fiscal health weigh down market * Market awaits weekly API oil inventory data due later * U.S. snowstorm, geopolitical tension offer price support By Jennifer Tan SINGAPORE, Feb 9 (Reuters) - Oil sank below $72 a barrel on Tuesday, after rising nearly 1 percent the day befor...
Iran creates national fund for energy projects The Siasat Daily | Tehran, February 08: Iran is to create a "national energy fund" to meet the need for capital for oil and gas projects, the Iranian Oil Minister says. | "The special fund will be created through cooperation with four state banks as well as the Central Bank of Iran," Masoud Mir-Kazemi said on Sunday...
The more things change Indian Express | In the Charlie Chaplin film The Great Dictator, there is a famous scene in which Adolf Hitler and Mussolini meet. Both of them, trying to be one up on each other, constantly raise the height of their chairs. The effort is to prove that the one dict...
Iran creates national fund for energy projects The Siasat Daily | Tehran, February 08: Iran is to create a "national energy fund" to meet the need for capital for oil and gas projects, the Iranian Oil Minister says. | "The special fund will be created through cooperation with four state banks as well as the Centr...
Oil steadies near $71, eyes Euro debt woes The Guardian * U.S. mid-Atlantic hit by blizzard * Iran ratchets up atom work despite sanctions threat * G7 reassures on Greece, talks tough on banks (Recasts, updates prices, adds analyst's comments) By Fayen Wong PERTH, Feb 8 (Reuters) - Oil prices hovered near...
Oil rises on bargain-hunting, eyes Euro debt woes The Guardian * U.S. mid-Atlantic hit by blizzard * Iran ratchets up atom work despite sanctions threat * G7 reassures on Greece, talks tough on banks By Fayen Wong PERTH, Feb 8 (Reuters) - Oil prices reversed some of last week's losses on Monday nd rose from a se...
AP / Alessandro Di Meo, pool
Berlusconi: Bring Israel into the EU The Miami Herald | JERUSALEM -- Italian Prime Minister Silvio Berlusconi said Monday he hopes to bring Israel into the European Union, at the start of a three-day visit to the Jewish state. | Berlu...
Zardari books fast train to Turkey Asia Times | By Syed Fazl-e-Haider | KARACHI, Pakistan - Turkey and Pakistan agreed this week to undertake a US$20 billion project to upgrade a railway link from Islamabad to Istanbul, basica...
Siemens to stop doing business in Iran The Boston Globe | FRANKFURT-German industrial conglomerate will stop doing business in Iran by the middle of 2010, the company said Wednesday, as international pressure grows to isolate the countr...
Jumbo freighter's program manager 'listens to people on the line' Seattle Times | A couple of times every day, Mohammad "Mo" Yahyavi, vice president and general manager of Boeing's 747 program, walks the production line and stops to talk with workers. | "They know me by 'Mo,' " Yahyavi said, "They give me ideas every day." | Yah...
Balli Aviation breached Iran embargo The Independent | A British company where former Chancellor Lord Lamont is non-executive director pleaded guilty to exporting Boeing 747 jumbo jets to Iran, in contravention of a US trade embargo. | Balli Aviation, part of London based commodities trading and financ...
Balli unit settles with US over 747 export to Iran The Guardian * Balli accused of buying 747s for Tehran flights * Balli to pay $2 mln criminal fine * To pay $15 mln in civil penalty; $2 mln could be waived (Adds company statement, aircraft details, case number) WASHINGTON, Feb 5 (Reuters) - A unit of Britain's ...
Ahmadinejad's economic plans under attack Asia Times | By Mitra Farnik | WASHINGTON - While Iranian politics have been mostly consumed with the aftermath of President Mahmud Ahmadinejad's disputed re-election in June 2009, unease about his ability to steer the economy has been brewing amid high unemployment and runaway inflation. | With Ahmadinejad's introduction of his proposed fifth five-year plan ...
Oil near $72 amid US cold snap, Iran tensions Kansas City Star More News | Oil prices rose near to $72 a barrel Monday in Asia after hitting a two-month low last week, boosted by tensions over Iran's nuclear program and persistently cold weather in the U.S. northeast. | Benchmark crude for March delivery was up 56 cents at $71.75 a barrel at midday Singapore time in electronic trading on the New York Mercantil...
